Quality of life in Slovenia – Development Report 2025
High quality of life with a significant productivity gap, highlighting the need for an accelerated transition to innovation-driven growth and a low-carbon circular economy, the strengthening of a creative, long-lived society and institutional environment
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Charts of the week from 12 to 16 May 2025: GDP, number of persons in employment, activity in construction and other charts
Economic activity in Slovenia declined by 0.8% (seasonally adjusted) in the first quarter of this year, while GDP was 0.7% lower in real terms compared to the same period last year. Investment activity decreased, with a significant drop in construction investment, particularly in…
Charts of the week from 5 to 9 May 2025: production volume in manufacturing, exports and imports of goods, unemployment
Manufacturing output contracted in the first quarter of this year. Compared with the fourth quarter of last year, output continued to increase, albeit modestly, in both high- and low-technology industries. In the first quarter of this year, goods exports and imports rose compared…
Charts of the week from 28 to 30 April 2025: consumer prices, turnover in trade and turnover in market services
Consumer prices rose by 2.3% year-on-year in April, marking the highest increase since May 2024. The largest contributions came from higher prices of food and non-alcoholic beverages, partly due to base effect, and from seasonal increases in footwear prices. In February, turnover declined across all…
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
Economic growth is expected to accelerate to 2.1% this year, which is slightly lower than expected in the autumn forecast. Domestic consumption will be a key driver of GDP growth this year, in particular continued growth in private consumption supported by rising wages and social transfers, as well as a recovery in investment after last year’s decline. Economic growth is expected to accelerate slightly over the next two years. Average inflation will be 2.3% this year. While price increases will remain moderate in most groups, services will continue to outpace overall inflation. In the absence of shocks, inflation is expected to fall slightly after 2025 and hover around 2%.
Labour market
In addition to economic conditions, demographic changes also play a significant role in shaping the labour market. Given the high level of employment and labour shortages, employment is expected to increase by 0.1% this year and by 0.4% and 0.5% respectively over the next two years, amid moderate economic growth. Unemployment will continue to decline slightly, with the number of registered unemployed falling not only due to the transition into employment, but also due to the increasing transition from unemployment to inactivity or retirement.
International trade
With the gradual recovery in foreign demand, exports of goods and services are expected to continue growing this year and in the coming years, albeit at a slower pace than before the pandemic and the energy crisis. After last year’s strong growth, which moderated markedly in the last quarter, growth in goods exports is expected to align more closely with foreign demand growth, while growth in services exports will accelerate further. The current account surplus remained high last year and will narrow gradually in 2025–2027.
IMAD
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.